Oil and Gas Field Services

Description

The global oil field services market has witnessed considerable growth in recent years due to an increase in the Exploration and Production activity and the growth in the activity in the offshore areas of the world. However, since the global economic slowdown, the market has seen a negative growth, thereby leading to a decrease in the overall market size. Nonetheless, with increased E&P activity and increased demand for oil field services, the global market for oil field services is expected to increase in the future growing to about $200 billion* by the end of the forecast period in 2015.